Immaculate 6 Bed Professional HMO London

Chigwell Road, South Woodford, London, E18

REF 585

  • INVESTMENT

    £600,000

  • GROSS YIELD

    7.35%

  • ANNUAL RENT

    £44,100

AgentHMO default property
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  • INVESTMENT

    £600,000

  • GROSS YIELD

    7.35%

  • ANNUAL RENT

    £44,100

  • REF

    585

DESCRIPTION

An excellent full let and licensed HMO property refurbished in 2019 to an excellent standard, with trusted managing agent already in place. Comprising 6 units of accommodation, this immaculate HMO property provides investors cashflow from day 1.

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £600,000
  • Gross Annual Rent £44,100
  • Gross Monthly Rent £3,675
  • Gross Yield 7.35%
  • Net Monthly Rent £3,045
  • Net Yield 6.09%
  • Min 25% Deposit Requirement £150,000
  • Monthly Mortgage Payment* £938
  • Monthly Cashflow £2,108

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £600,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Double 6
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Double 6
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Tenancy Type
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 6
  • Unit 1
  • £625
  • Double Room
  • Unit 2
  • £650
  • Double Room
  • Unit 3
  • £550
  • Double Room
  • Unit 4
  • £650
  • Double Room
  • Unit 5
  • £625
  • Double Room
  • Unit 6
  • £575
  • Double Room
  • Total £3675
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Costs

  • Gas £150
  • Water £70
  • Wifi £50
  • Electric £120
  • Cleaner £50
  • TV Licence £10
  • Insurance £50
  • Council Tax £130
  • Gas £150
  • Water £70
  • Wifi £50
  • Electric £120
  • Cleaner £50
  • TV Licence £10
  • Insurance £50
  • Council Tax £130
  • Total £630
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2025-09-09
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Redbridge
  • Planning Use Class C3
  • HMO License Required Yes
  • HMO License Expiry 2025-09-09
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Redbridge
  • Planning Use Class C3
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £441

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FLOOR PLAN

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LOCATION

Chigwell Road, London, E18 1HA, United Kingdom

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BROCHURE

Download the investment brochure
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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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